Save Thousands at Auto Auctions - Without Marrying a Car Dealer!

The Common Misconception: Auto auctions are onlythat have onyour wallet?
open tocar dealers.Amazingly enough, auto auctions are not solely
The Surprising Truth: Anyone with the right resourcesrestrictedto car dealers. Up until a few years ago, I
canparticipate in the same auctions as the dealers!too sharedthis common misconception.
Think about it. How much could you save if youIt was only by sheer luck that I stumbled upon a
bypassedthe dealers and purchased directly fromwebsitethat allowed me to search local auctions by
their sources?zip code andvehicle make that I learned the surprising
30%, 50%, maybe even 75%.truth. I waspaying dealers thosands of dollars in
As unbelievable as this sounds, it is possible with alittleunnecessarymark-ups.
patience and research.I tried the website's search feature out, and to
As you probably already know from past experience,mysurprise the cars listed were exactly what I
cardealers will do ANYTHING to get you into the carwanted. Onlya few years old with very low miles.
of yourdreams. Whether you can afford it or not!Many of them werestill under the manufacturer's
I can recall a former coworker who got into a neworiginal warranty! Thismade sense of course, since
luxuryvehicle with a little "creative financing." Themost of them wererepossessions.
managerdivided his mortgage payment in two. HisThe auction house was even willing to throw in a
justification:vehiclehistory report at no extra cost and a 3 month
As a married man his wife was responsible for thewarranty.
otherhalf of the mortgage....even though she was aSure I wouldn't get the complimentary car washes
stay at homemom! Luckily for them, they found aand oilchanges the dealer throws in, but that surely
way to pay their hugecar payment and avoidwasn't worththousands of dollars in premiums.
repossession.After a little hesitation I joined the auto
Unfortunately, others aren't quite as lucky. Thousandsauctionmembership site. They helped me locate auto
ofpeople default on their loans everyday simplyauctions in myarea, and gain admission to them
because theycouldn't really afford it in the first place.through their exclusiveaccess rights. I learned what
This can work to your advantage. The banks andquestions to ask, and how tohandle the bidding
financialinstitutions that serviced the loans want toprocess.
recoup theirloss as quicly as possible. Add to that theIt was a lot simpler then I ever imagined it could be.
exhorbitantcost of storing these vehicles, and youThe day of the auction, I showed up a few hours
can easily see whythe banks want to dispose ofearly toinspect the vehicle I was interested in and
them in a timely manner.get a feel forthe place.
After all, the longer financial institutions have toIt must have been a slow day, because when my
storethese vehicles, the less money they're going tocar came upfor auction only a few dealers were
get back.bidding against me.
Auto auctions are the quickest way for banks toSince I wasn't buying the vehicle for resale, I
ridthemselves of repossessed vehicles.succeededin outbidding the dealers!
Car dealers know this, and they go to great lenghtsIt was a truely empowering experience. I got the
toprotect this knowledge from the general public.vehicleof my dreams, and I only paid a little over half
After all,auto auctions are a huge source of revenue.its bookvalue!
Dealers canpurchase vehicles at a fraction of theirWhat did this experience teach me? Auto Auctions
value, and thenresell them at a huge mark-up.can saveyou thousands in unnecessary dealer
But what if you could avoid the dealer's mark-upmark-ups.
andinstead pay what they pay? What impact would